At a meeting this week, the Cook County Audit Committee reviewed several departmental financial reports.
The Audit Committee is a standing committee consisting of seven commissioners and two ex officio members, the county auditor and chief financial officer. The committee reviews management-audit reports prepared by the county auditor and external auditors on all county departments and independently elected officials' offices.
Below is the agenda for this meeting, as provided by the committee.
Board of Commissioners of Cook County
Audit Committee
Wednesday, July 13, 2016 8:30 AM Cook County Building, Board Room, 569 118 North Clark Street, Chicago, Illinois
NOTICE AND AGENDA
There will be a meeting of the Committee or Subcommittee of the Board of Commissioners of Cook County at the date, time and location listed above to consider the following:
PUBLIC TESTIMONY
Authorization as a public speaker shall only be granted to those individuals who have submitted in writing, their name, address, subject matter, and organization (if any) to the Secretary 24 hours in advance of the meeting. Duly authorized public speakers shall be called upon to deliver testimony at a time specified in the meeting agenda. Authorized public speakers who are not present during the specified time for public testimony will forfeit their allotted time to speak at the meeting. Public testimony must be germane to a specific item(s) on the meeting agenda, and the testimony must not exceed three minutes; the Secretary will keep track of the time and advise when the time for public testimony has expired. Persons authorized to provide public testimony shall not use vulgar, abusive, or otherwise inappropriate language when addressing the Board; failure to act appropriately; failure to speak to an item that is germane to the meeting, or failure to adhere to the time requirements may result in expulsion from the meeting and/or disqualify the person from providing future testimony.
16-4270 COMMITTEE MINUTES
Approval of the minutes from the meeting of 5/10/2016
16-2778 Presented by: SHELLY A. BANKS, C.P.A., County Auditor
REPORT
Department: Office of the County Auditor
Request: Refer to Audit Committee
Report Title: Vendor Payment Process Audit Report
Report Period: April 2016
Summary: The purpose of the audit was to assess the adequacy and effectiveness of key internal controls and operational efficiency of processing vendor invoices paid by the Comptroller’s Office.
Legislative History : 5/11/16 Board of Commissioners referred to the Audit Committee
16-3882 Presented by: SHELLY A. BANKS, C.P.A., County Auditor
REPORT
Department: Office of County Auditor
Request: Refer to Audit Committee
Report Title: FY’16 2nd Quarter Open Findings Status Report
Report Period: June 2016
Summary: Report on the status of open audit findings and recommendations
Legislative History : 6/29/16 Board of Commissioners referred to the Audit Committee
16-3886 Presented by: LAWRENCE WILSON, County Comptroller IVAN SAMSTEIN, Chief Financial Officer, Bureau of Finance
REPORT
Department: Bureau of Finance, Office of the County Comptroller
Request: Refer to Audit Committee
Report Title: Cook County Comprehensive Annual Financial Report (CAFR) for the year ended 11/30/2015
Report Period: 12/1/2014 - 11/30/2015
Summary: Annual audit of Cook County’s financial statements prepared by the Office of the Cook County Comptroller and audited by RSM US LLP in accordance with auditing standards generally accepted in the USA.
Legislative History: 6/29/16 Board of Commissionersreferred to the Audit Committee
16-3887 Presented by: LAWRENCE WILSON, County Comptroller IVAN SAMSTEIN, Chief Financial Officer, Bureau of Finance
REPORT
Department: Bureau of Finance, Office of the County Comptroller
Request: Refer to Audit Committee
Report Title: Cook County Illinois Report to the County President, Board of Commissioners and the Audit Committee, 5/31/2016
Report Period: 12/1/2014 - 11/30/2015
Summary: This report, presented by RSM US LLP, is intended solely for the information and use of the County President, County Board of Commissioners, the Audit Committee and management. It summarizes certain matters required by professional standards to be communicated by the independent auditors in their oversight responsibility for the County’s financial reporting process.
Legislative History: 6/29/16 Board of Commissioners referred to the Audit Committee
16-3888 Presented by: LAWRENCE WILSON, County Comptroller IVAN SAMSTEIN, Chief Financial Officer, Bureau of Finance
REPORT
Department: Bureau of Finance, Office of the County Comptroller
Request: Refer to Audit Committee
Report Title: Cook County Illinois Report on Federal Awards (In accordance with the Single Audit Act Amendments of 1996, and Office of Management and Budget (OMB) Circular A-133) for the Fiscal Year ended 11/30/2015.
Report Period: 12/1/2014 - 11/30/2015
Summary: Annual audits of: (1) the Schedule of Expenditures of Federal Awards prepared by the Office of the Cook County Comptroller and (2) compliance for each major federal program and on internal control over compliance required by OMB Circular A-133, audited by Washington, Pittman & McKeever, LLC, in accordance with auditing standards generally accepted in the USA; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133, “Audits of States, Local Governments, and Non-Profit Organizations”.
Legislative History: 6/29/16 Board of Commissioners referred to the Audit Committee
16-3889 Presented by: LAWRENCE WILSON, County Comptroller IVAN SAMSTEIN, Chief Financial Officer, Bureau of Finance
REPORT
Department: Bureau of Finance, Office of the County Comptroller
Request: Refer to Audit Committee
Report Title: Cook County Illinois Report on Federal Awards (In accordance with the Single Audit Act Amendments of 1996, and Office of Management and Budget (OMB) Circular A-133) for the Fiscal Year ended 11/30/2013.
Report Period: 12/1/2012 - 11/30/2013
Summary: Annual audits of (re-stated): (1) the Schedule of Expenditures of Federal Awards prepared by the Office of the Cook County Comptroller and (2) compliance for each major federal program and on internal control over compliance required by OMB Circular A-133, audited by Washington, Pittman & McKeever, LLC, in accordance with auditing standards generally accepted in the USA; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133, “Audits of States, Local Governments, and Non-Profit Organizations”.
Legislative History: 6/29/16 Board of Commissionersreferred to the Audit Committee
16-3890 Presented by: LAWRENCE WILSON, County Comptroller IVAN SAMSTEIN, Chief Financial Officer, Bureau of Finance
REPORT
Department: Bureau of Finance, Office of the County Comptroller
Request: Refer to Audit Committee
Report Title: Cook County Illinois Report on Federal Awards (In accordance with the Single Audit Act Amendments of 1996, and Office of Management and Budget (OMB) Circular A-133) for the Fiscal Year ended 11/30/2012.
Report Period: 12/1/2011 - 11/30/2012
Summary: Annual audits of (re-stated): (1) the Schedule of Expenditures of Federal Awards prepared by the Office of the Cook County Comptroller and (2) compliance for each major federal program and on internal control over compliance required by OMB Circular A-133, audited by Washington, Pittman & McKeever, LLC, in accordance with auditing standards generally accepted in the USA; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133, “Audits of States, Local Governments, and Non-Profit Organizations”.
Legislative History: 6/29/16 Board of Commissioners referred to the Audit Committee
16-3891 Presented by: LAWRENCE WILSON, County Comptroller IVAN SAMSTEIN, Chief Financial Officer, Bureau of Finance
REPORT
Department: Bureau of Finance, Office of the County Comptroller
Request: Refer to Audit Committee
Report Title: Cook County Health and Hospitals System of Illinois (An Enterprise Fund of Cook County Illinois), Financial Report, 11/30/2015.
Report Period: 12/1/2014 - 11/30/2015
Summary: Annual audit of the CCHHS financial statements prepared by CCHHS Finance, for the year ended 11/30/15, audited by RSM US LLP in accordance with auditing standards generally accepted in the USA.
Legislative History: 6/29/16Board of Commissionersreferred to the Audit Committee
16-3893 Presented by: LAWRENCE WILSON, County Comptroller IVAN SAMSTEIN, Chief Financial Officer, Bureau of Finance
REPORT
Department: Bureau of Finance, Office of the County Comptroller
Request: Refer to Audit Committee
Report Title: Cook County Health and Hospitals System Report to the Audit and Compliance Committee, 5/31/2015.
Report Period: 12/1/2014 - 11/30/2015
Summary: This report, presented by RSM US LLP, is intended solely for the CCHHS Audit and Compliance Committee and summarizes certain matters required by professional standards to be communicated to them in their oversight responsibility for the CCHHS’s financial reporting process.
Legislative History: 6/29/16 Board of Commissioners referred to the Audit Committee
16-3894 Presented by: LAWRENCE WILSON, County Comptroller IVAN SAMSTEIN, Chief Financial Officer, Bureau of Finance
REPORT
Department: Bureau of Finance, Office of the County Comptroller
Request: Refer to Audit Committee
Report Title: Cook County Illinois Actuarial Study of the Workers Compensation and Liability Self-Insured Programs as of 11/30/2015.
Report Period: As of 11/30/2015
Summary: Annual actuarial study completed by Aon Global Risk Consulting.
Legislative History: 6/29/16 Board of Commissioners referred to the Audit Committee
16-3615 Presented by: DOROTHY BROWN, Clerk of the Circuit Court
REPORT
Department: Clerk of the Circuit Court
Request: Transmitting a Communication
Report Title: Independent Auditor’s Report of the Financial Statements of the Clerk of the Circuit Court of Cook County
Report Period: Fiscal Year Ended 11/30/2015
Summary: Submitting herewith is a copy of the Independent Auditor’s Report of the Financial Statements of the Office of the Clerk of the Circuit Court of Cook County for the year ended 11/30/2015
Legislative History: 6/29/16 Board of Commissioners referred to the Audit Committee
16-3709 Presented by: MARIA PAPPAS, Cook County Treasurer
REPORT
Department: Treasurer
Request: Refer to Audit Committee
Report Title: Independent Auditor’s Report
Report Period: Fiscal Years 2014 and 2015
Summary: Submitting herewith, the Financial Statements as of 11/30/2015 and 2014, Supplemental Information as of 11/30/2015, and the Independent Auditor’s Report.
Legislative History: 6/29/16 Board of Commissioners referred to the Audit Committee
______________________________________ Secretary
Chairman: Daley Vice-Chairman: Goslin Members: Arroyo, Butler, Gainer, Morrison, Schneider
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